© Reuters. The U.S. dollar was a touch higher on Tuesday.
Investing.com – The dollar rose on Tuesday, as Middle East and China-U.S. trade relations eased.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.20% to 89.32 by 11:21 AM ET (15:21 GMT).
Geopolitical tensions eased on Tuesday but remained on the back of investors minds. Risk appetite has improved, after U.S.-led missile strikes on Syria over the weekend did not lead to an escalation into a broader conflict.
The dollar was also supported by economic data. rose by 1.9% in March, to a seasonally adjusted annual rate of 1.319 million units last month, the Commerce Department said. A separate report showed that also rose, supporting a strong economic outlook for the U.S. economy.
The dollar had come under pressure on Monday after U.S. President Donald Trump . The tweet followed a report from the U.S. Treasury Department that declined to name China as a currency manipulator.
The dollar gained ground against the yen, with rising 0.29% to 107.61. The safe haven yen is often sought out by investors in time of market turmoil and political tensions.
The euro continued to fall, with down 0.26% to 1.2347.The euro came under some selling pressure after a report showing that German economic sentiment deteriorated sharply again in April amid concerns over heightened international trade tensions.
The pound eased back from 22-month highs against the dollar after UK jobs data on Tuesday showed that wage growth missed estimates, but a cost of living squeeze is still easing. fell 0.17% to 1.4314.
The Australian dollar was lower, with down 0.14% to 0.7770 while decreased 0.39% to 0.7334.
In Canada, the loonie rose, with falling 0.06% to 1.2561.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Yen gets brief blip as China cancels trade talks - September 24, 2018
- Forex – U.S. Dollar Rallies; Sterling Slumps on Brexit Worries - September 21, 2018
- Forex – Dollar Higher as Sterling Slumps on Brexit Woes - September 21, 2018